Prices were up nearly across the board for cryptocurrencies on Saturday, as the slump of the last few days was erased over the last 24 hours.
Legacy bitcoin (BTC) gained more than five percent, up to the mid $3,700 range for a single coin.
It was a good week to be in cryptocurrency. Legacy bitcoin is at an all-time high; ethereum’s ETH is near the magic $400 mark; Litecoin is at record levels, as are Dash and Monero; and the first two unicorns based on initial coin offering (ICO) fundraising have emerged.
Legacy bitcoin (BTC) held steady, Bitcoin Cash came on strong, and other cryptocurrencies are surging on a green arrow Tuesday. The price rise indicates that investors apparently believe the storm clouds caused by hacks and the bitcoin fork are in the rear-view mirror.
Friday’s cryptocurrency trading saw legacy Bitcoin (BTC) up five percent to the $2,850 single-coin price at mid-day, with Bitcoin Cash (BCC) continuing to see-saw and now down to $286 for its single-coin price.
The Block Tribune Volatility Index, which measures pricing swings in legacy bitcoin,
Legacy bitcoin (BTC) held on at the $2,700 single-coin price level today, as upstart Bitcoin Cash continued to exhibit extreme volatility.
Bitcoin Cash (BCC), which yesterday was trading as low as the $300 levels after a high of $700, rebounded today to the $430 single-coin pricing mark at mid-day.